Looking at GBP to fall in regards to Cad this has been the year for commodity currencies and though cad has been the weakest of the com dolls yet when paired with GBP it has a been more stable, with GBP on going turmoil their currency has in a whipsaw motion with sudden burst of vol.
Near the price range labeled expensive we have seen prices fail at this...
Over the past year we have seen ComDoll currencies have seen massive gain's over the last 6 months as we have seen the price of goods based on the US dollars go up as oil has been one of the only com's that have gone nowhere near flat. Recently, we have seen the Core Commodity Index stall out leading to smaller volatility in the face of a possible realization of a...
Bear are ruling the market on this major pair and knowing the fact how well aussie and kiwi buddy of loonie in AUDUSD | NZDUSD performing lately against buck I reckon this two buddies are together counter striking buck viciously. No positive sign for DXY yet and seems total stagnate talking about the price action for that index and the fact how ...
Negative deflation factors mean lower commodity prices, risk assets, and Aussie is exposed to housing price collapse, banking sector pin-prick to the bubble, and general recessionary effects coming.
Retest of lows expected.
Price: 0.6236
Stop: 0.6270
TP1: 0.6100
TP2: 0.5800
Lately, some news about China to start buying oil for state reserves sparked some volatility in loonie too. I guess the oil future will be going fine in coming further weeks so that might help this pair to rebound at some level. Stochastic pointing out the momentum in favour of bullish so far.
Price floating below the long period SMA 200 (red) and trading under the weekly and daily pivot point already indicting bearish sentiment for this pair. Comdolls aren't doing well and the risk bets are not good so far which we can see from the price action in most of comdolls related pairs like au,uc,nu. Yen and dollar ruling over the market this week so far which...
This type of triangle chart pattern occurs when there are a resistance level and a slope of higher lows. What happens during this time is that there is a certain level that the buyers cannot seem to exceed. However, they are gradually starting to push the price up as evidenced by the higher lows. If you think bulls can take the ball away up to the horizontal line...
Kinda feels like the bear has no much strength to even drag this pair further deeper. We have seen good gains on the comdolls from the beginning day of the week. Equity market did raise well and mostly TVC:DJI but talking back to comdolls at the moment bearish are weakening. Feels like there could be more probabilities for upside rather than the downside as long...
Mnuchin said the US will purchase 77 million barrels to re-fill the strategic petroleum reserve. A positive headline on pharmaceutical treatments changing the overall sentiment for now which helping rebound on comdolls and some equities. I would not say an overall reversal but this kind of positive reports may shift the sentiment for a short period of time which...
This is an easy game to know how the global pandemic isn't settled yet and knowing how all big central banks honchos cooperated together to fight against this pandemic by deciding to lower OCR rates equally to combat against the corona virus. State & Europe are new continents who are for now struggling and combating strongly against this pandemic. I hope...
I am feeling these pairs have some room lower to retracement watching over the sentiment. Bulls are getting exhausted aren't doing fine with upbeat and watching over the rising trendline and Fibonacci retracement level I assume there may have some pullback in this pair even if it won't be an overall reversal. Ya and hope you guys knew BOE just cut the rate by 50bp...
